Latest finance news – Page 37
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NewsFootasylum has secured a £35m credit facility to fund UK growth ambitions
Footasylum has secured a £35m credit facility as it looks to accelerate growth in the UK.
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NewsThe Very Group is set to appoint bankers as it eyes £2.5bn sale
The Very Group is lining up banks to handle a strategic review of the business that could potentially lead to a sale in the range of £2.5bn.
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NewsWeird Fish has reported rising profits despite a dip in sales
British fashion retailer Weird Fish has reported rising profits for the full year despite a dip in sales as it unveils further UK expansion plans.
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NewsRetail CEOs have called on the chancellor to ‘level the playing field’ on business rates
Over 70 retail CEOs have written to chancellor Rachel Reeves ahead of the budget later in the month saying “now is the time to level the playing field between industries”.
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NewsFrasers ups stake in Mulberry following rejected bid
Frasers Group has increased its stake in luxury retailer Mulberry, following the rejection of a takeover offer.
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NewsWatches of Switzerland snaps up luxury digital content platform
Watches of Switzerland has acquired a global digital editorial content provider which it said is preeminent in its field.
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NewsShein prepares investor roadshow as it eyes London IPO
Fast fashion giant Shein is to hold a series of informal meetings with potential investors as it seeks a blockbuster listing on London’s Stock Exchange.
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NewsSainsbury’s boss has called for the Budget to boost consumer confidence
Sainsbury’s chief executive Simon Roberts has called on the government to use the coming Budget to boost increasingly gloomy consumer confidence.
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NewsBritish Land has bought seven more retail parks in a £441m deal
Institutional landlord giant British Land has tapped up shareholders for £300m as it snaps up seven more retail parks.
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NewsTesco has upped its profit guidance as sales exceed expectations in the first half
Tesco has increased its full-year profit guidance for 2025 as volume sales growth exceeded expectations in the first half.
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NewsJD Sports boss says Nike’s troubles aren’t a cause for concern
As JD Sports posted an increase in sales and profit for the six months to August, one of its largest brand partners, Nike reported its biggest drop in sales since the pandemic. But chief executive Régis Schultz said Nike’s troubles have little to do with its performance as he maintains a positive outlook ahead of the golden quarter.
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NewsAO has snapped up Music Magpie in deal to ‘enhance its consumer tech offering’
Electricals giant AO has agreed a deal to acquire secondhand tech expert Music Magpie.
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NewsJD Sports profits and sales have jumped as acquisitions power international growth
JD Sports boss Régis Schultz has hailed the brand’s international acquisitions and ability to “outperform the market” as it delivered record interim results.
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NewsTapi has turned a profit for the first time outside of the pandemic
Tapi has turned a profit for first time outside of the Covid-19 pandemic, despite shoppers’ subdued appetite for big-ticket home improvements.
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NewsMulberry has rejected a takeover bid from Mike Ashley’s Frasers Group
Mulberry has rejected the £83m takeover bid proposed yesterday by Mike Ashley’s Frasers Group.
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NewsThe Works is ‘well positioned’ for Christmas despite flat sales and falling profits
The Works has said it is “well positioned” for the peak Christmas trading period despite reporting flat sales and declining profits in a “challenging” year.
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NewsGreggs sales are on a roll as it holds firm on guidance
Food-on-the-go retailer Greggs has maintained its full-year guidance after a quarter of “further good progress” as sales continue to soar.
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NewsShop prices continue to deflate with furniture and clothing driving the fall
Shop prices continue to fall into deflation to reach their lowest level in three years, with furniture and clothing seeing the biggest drops in prices.
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NewsDobbies plans to close a raft of garden centres, risking hundreds of jobs
Dobbies will close unprofitable locations, exit the Little Dobbies format and make hundreds of staff cuts as the retailer seeks to navigate out of financial difficulty.
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NewsFrasers Group has made a bid for struggling Mulberry to avoid ‘another Debenhams situation’
Frasers Group has made a surprise takeover bid for luxury handbag and accessories brand Mulberry in what it called an attempt to avoid “another Debenhams situation”.